4 Mistakes I Made in My 20s
VloĆŸit
- Äas pĆidĂĄn 26. 06. 2021
- I just turned 30. Here are four regrets I have from my 20's.
đș Watch this video ad-free on Nebula: nebula.app/videos/thomas-fran...
đ COURSES AND RESOURCES:
Notion channel - / thomasfrankexplains
Free Notion templates - thomasjfrank.com/templates/
Learn Notion - thomasjfrank.com/fundamentals
Productivity and Habits courses - thomasjfrank.com/courses/
đŠ SPONSOR:
Get 50% off your first bag of Trade Coffee with code "thomas50" - www.drinktrade.com/?...
đŠ SOCIAL STUFF:
Instagram â / tomfrankly
Twitter â / tomfrankly
Podcast â / thecollegeinfogeekpodcast
Music Channel â / @thomasfrankmusic
Spotify Study Playlist â open.spotify.com/user/thomasf...
đ VIDEO LINKS:
Budgeting and house comparison spreadsheet:
thomasjfrank.com/free-budgeti...
My music (more soon): thomas.lol/
đ BUSINESS:
Please contact my agent at thomasfrank@standard.tv
đ SPECIAL THANKS
Video clips supplied by Getty Images
đ° I'm fortunate enough to work with great sponsors who support my work, so I don't use Patreon or any other crowdfunding service. However, if you'd like to support a worthy cause, consider donating to help more children get access to a high-quality education: fundraise.pencilsofpromise.or...
Nobody:
Thomas: IT'S SPREADSHEET TIME!
1. Bad Investment decision
2. Never taking more breaks
3. Buying a house in the suburbs
4. Not sticking to interests
Thank you đ you saved us some time.
-3 Buying a house- 3. Buying a house *_in the suburbs_*
Buying a house in the suburbs *(because there is no walkability)
Thanks
I bought a house in the suburbs in my 20s as well and I'm not in love within. Walkability is 0 unless you want to get to the small, not well stocked, over priced gas station.
My biggest mistake was trying to be friends with everyone. Some people don't deserve your attention.
Mine since I was younger was to have adult friends rather folks in my age group.
Exactly, sometimes you might be trying to make friendship with somebody, who is never gonna be the true friend, and you ignore people, that would really appreciate you
totally agree with this. sort of adds in to the whole «trying to please everyone» narrative as well
Feel
wtf happened to u lol
My biggest mistake so far was trying to take on way too many things at once instead of focusing 1-3 things at a time
I can so relate to this.
But, how did you deal with it though?
I learned that the hard way back in my freshman year in college. Yikes
Imagine actually persuing a hobby instead of entertaining the idea for weeks but doing nothing at the end...
oof
He's being "Frank" about his mistakes
**Finger guns**
He should make that into a tshirt
Ha
...
now get out! đ
đđ»đđ»
OhhhhhhhhhhhđČđČđČ
A someone in my late 20s, my biggest regret is thinking that I was âtough enoughâ to âwhite knuckleâ through tough situations that were bigger than was reasonable for me to expect to handle. I thought I was âstrongâ enough that mental health issues wouldnât affect me, but I learned the hard way that thatâs not how psychology works. Taking care of yourself isnât weakness - it is strength, which allows you to set boundaries which actually allow you to be the person you want to be
I definitely needed to hear this! :)
Wow thank you very much.
Made the same mistake in 2020 and 2021 up until now. But I am only 16 so I can still start working on my mental health thankfully. All the best.
@@Ellie-gn1vo It's a process but it's worth it. Your well-being it's worth it. Take care!!
Dang. I'm in my 20s and totally living this! *Well, if you're reading this...just know that it's all part of the process*
yup! btw it's cool to have someone's experience to refer to and to not smash your face against something that would have become obvious a few years down the line
I worked 70 hours a week from 22-23 years old. I then took all of that money and dumped it into a car because fast and the furious. I then blew the engine, replaced it and sold the car.
Do not be like me.
Same here. But, I worked 90 hours a week for paying of my debt.
lol that sucks man
How long did you spend with the car before you blew the engine?
27 and never owned a car, because im too afraid it will eat a lot of money đ
What you might need is family. hahaha Sorry the whole fast and furious jokes online finally got to me xD
Walkable cities is the key to our new found happiness in Europe. Iâll never go back to driving for everything, Iâll only drive for fun.
Try to know about Krishna
Same in Taiwan
If you have the bag then it's a go to for young people!
i am ready for the "5 mistakes i made in my 30s" 10 years from now
I like the idea of looking at time spent mindlessly scrolling on the phone as wasting in scattered bits the time we could spend enjoying with our friends... that's bound to bring things into the right perspective.
This really hit me - I haven't taken a week off since 1988 - that's before you were born! I've followed your channel for a few years now, and have great respect for your content. That said, this really hit me when you said you age, and I adjusted my perspective. Started my business, and this is all I've done since. Maybe time to evaluate some decisions!! Thank you!
Watch out for burnout. It's very subtle but the strain on one's health is huge.
I dont know when your birthday was, but still happy birthday. You still have big things in front of you, so keep up.
Thank you! June 4 :)
âIf you donât get out of the box youâve been raised in, you wonât understand how much bigger the world is.â Do you agree
The First rule is - ALWAYS use a retirement account. ROTH IRA is the smartest account a person can use.
Definitely. I used a SIMPLE IRA for many years and recently switched to a Roth 401k so I can contribute more. I max out the retirement contributions each year and then put whatever else I can into taxable, which is where my dumb Robinhood gamble happened đ
You can't always use a retirement account when you have already contributed the maximum to that account :)
@@Thomasfrank If I have a roth ira does it make sense to have a roth 401k or traditional?
@@Zod39 lots to consider here, but the main question is what your expected tax bracket will be in retirement. A Roth is great if itâll be higher, which it very well could be if youâre growing money in a Roth for decades. In your case, the fact that you already have a Roth IRA doesnât play too much into the decision unless you want a balance of the two types.
I do a Roth 401k through my company, which is great because the income limits on Roth IRAâs donât apply to Roth 401kâs. I max that and then do a company contribution, which goes into a traditional 401k. So I essentially do both, plus add 6k extra to a traditional IRA which I plan to backdoor into a Roth.
Personally, I like the fact that Roth earnings donât have to be withdrawn at age 70.
Likely the main factor will be whether or not your company even offers a Roth 401k. Many donât, and as far as I can tell, thereâs no company that offers them for individuals. Mine is through my LLC
Probably my favorite CZcams video format, it's always informative to learn about the mistakes of those before us
Agreed
This channel is the definition of "well adjusted".
My ultimate goal.
Your point about having a heap of less committed hobbies is SOO relatable for me. I need to learn to commit to them, which I suck at.
same! Thats why I have a big general knowledge of so many things but arent an expert in any of those
Does it really matter? Just enjoy them as they are your hobbies, not your "need to do to survive jobs"
20 so this should be useful. Interesting video. The hobbies one is so relatable đ„ș
Amazing video, youâve got a great insight
Excellent video, man. Thanks for sharing this with us.
Really great insights here, happy with the video format too! Very focussed and to the point, and so easy to follow.
Happy birthday đ„łđ..It's really an overwhelming idea to think about how to spend your 20s..Thanks for sharing your experience with us bro â„ïž
Happy late birthday my dude, I've been following you for a quite a few years. Feels good to see you grow and also see that you are still so passionate. Even though you have made changes, at the base of it all you still are the same good old creative and awesome human you are. Stay awesome my dude, and enjoy your next decade of life. đđŸ
This is so informative....really appreciate the time you put into making this video
Happy birthday Thomas!! Glad to be watching your videos back in high school.
your channel is super helpful
Iâm so glad Iâm only 18 and get this value even before I get into my 20s đđŒ thank you for sharing your experience âđŒ
i'm 19
"Be very clear about your values." Very great reminder, Thomas!!!
I can really relate to some of these mistakes! Thanks for this video Thomas!
Great video Tom!
Quite *Frankly, Thomas* . Your videos are amazing and itâs, crazy that youâre 30. Youâve improved so much throughout the years.
This was a truly great video, appreciate a lot what you shared with usâ€ïž
Thanks for sharing this! I'm nearing my 20' and it's always nice to learn from others đ
Thanks for sharing these! Hindsight is 20/20
About the "sticking to hobbies" long enough: my father super sticked to hobbies to an almost professional level. And THAT is one of his biggest regrets from 20 to 50. He also tends to obsess about work (as you, Frank) and he reported noticing he had not really enjoyed due to falling into a performance-work-like mentality.
So I would consult with myself if turning your hobbies into another "I have to X" area of your life is really something psychologically good or if you need hobbies to be a pressure valve. If you are like me or my father, possibly it is your monkey mind trying to convince you that more is better.
AHH I CAN'T DECIDE!! I have heaps of interests right now but I'm not focusing down on them that much.
For me, I know I would never become a professional in the hobbies I choose, but the act of learning about them and trying them out anyway makes me so happy and fulfilled. I guess the right way to balance this is to find 1-2 hobbies that you do feel a commitment towards and cultivate deep effort into, while maybe learning about the 3rd-5th hobbies at a more casual pace.
100% this. If he stuck completely to music, this very video would have been about how he regrets giving up enriching his life in all these various ways and turning one of his loves and hobbies into yet another job.
@@terrence4319 Thats a nice perspective, thank you
Pavarotti's father told him: you cannot sit between 2 chairs. You will fall through. Great advice. Pavarotti was torn between his profession as an elementary teacher and opera. Both choices were good. I'm sure he was a good teacher. He attempted a teaching video in 1979. NY TIMES touted it as "serious teaching would be misleading in the extreme." (Look up the article in their archives. Way ahead if his time.) Today, he teaches on CZcams. Mastering the one talent opened doors for his other passion... teaching. Perhaps this is Thomas' point.
Cheers!
Love the new set
Really thank you Mr Thomas Frank for this useful and helpful advice, sure this made my day a lot better đ
Thank you so much for the housing comparison data sheet! Iâm a first time home buyer as well. My student loans prevent me from receiving a home loan, but Iâm patiently saving til the time is right.
Great video as always!! i love your videos and i have been following your channel for a very long time now. Also for the past week I've been using Notion thanks to you and I've been loving it so thank you for that, and keep up the great work.
That Fender Acoustasonic is looking cool in the background btw...
This video is so helpful!!!
Thanks for this. Oh and happy belated birthday. I know it sucks being 30...lol
Thomas is one of the smartest people I see on the internet. He gives a wide perspective.
Thomas: âI was determined to make the right choice on buying a house for the first time.â
Also Thomas: âthis is my third biggest regret of my 20sâ
Thank you so much for this video
This is actually, genuinely such a great video.
I'll watch this vid today but so glad i see notification so early â€ïž
Havenât seen your posts in years, I think about you for 30 seconds yesterday and now here you are
10:40 The discussion about walkability is interesting. Over the weekend, my friends and I went to Chicago and walked a ton. I live in a suburb outside of Columbus, OH, so the difference was vast. Between sightseeing and moving from one Metra or subway station to the other, we easily covered 10.4 miles in a single day, which we normally only get from hikes in parks to which we have to consciously drive. Although I normally walk around my neighborhood and have strolled for over 40 minutes each way to go to the supermarket just because I felt like it, I admit that it's not as convenient as having a store down the block nor as inspiring as having a big metropolis to explore on foot just beyond the front door. Thankfully, having a more spacious home that my family and I can share as well as being in a peaceful neighborhood more than makes up for the fact that a car is the main way to get around in this area.
Very helpful :)
Thanks
iâm about to be 20 myself. thank you for sharing that!!
hello sir! you are thirty so happy birthday! your videos are nice.. it builds a mentality of high caliber
Gimme! Coffee is from my town in upstate NY! So cool to see it in your video
Advice from 6 years in the future? You two have no kids yet? You're planing to? Book a flight to Barcelona, take the train to Paris, from there to Amsterdam, then to Hamburg, Copenhagen, Berlin, Prague, Vienna, stay somewhere in the Alps, go to Milano or Verona or both, go to Rome, take a flight home. (or do something similar in an other part of the world)
Do it now or you will be 50 until you can go again ;-) (and you will regret that)
but please take multiple weeks for that trip! Europe is so diverse, it shouldn't be just sight-seeing, hopping between cities and countries in a matter of days, then you only get the "tourist traps" and not a real feeling for each country and it's mentality
We badly want to! Once the pandemic is behind us and Europe is fully open again, weâll be planning it đ
Hmm, I disagree, just a bit. You can do a lot in your 20s. You do less in your thirties. I promise, the trend continues. It's challenging with so many good options. Almost too many. Highly productive people... going to college, starting a business, traveling, AND having children is entirely possible. The key is a healthy support network. That can be created anywhere. The few of us that did that in the past 20-30 years enjoy a new level of life while still young enough to keep a decent pace up. My accountant loved my children because he had no grandchildren. And passed before he could enjoy them. (Cancer). I guess I'm saying you really can do more than you think, not burn out and take cues along the way from videos like this one. I really like this video.
Cheers!
@@kH-bv8ix It depends. Usually in your 20s one doesnt have enough money to do big trips. Basically only when one get a good paying job and thatâs usually the time when people get children
@@Thomasfrank The pandemic will never be âbehindâ, go asap! Corona has come to stay, unfortunately.
Thereâs only two sure ways to build wealth⊠slow and steady.
There is also no reason to build wealth, I mean besides fulfilling your basics needs..
Everything else is pointless
@@wakatpr6583 building wealth is such an obsession with so many people. It's just another way of saying making money ( a lot of people like to differentiate the two, but its the bottom line).
It's more so you can tell others you're wealthy. Just make enough so you can live comfortably and give your kids a good future.
@@theywalkinguptoyouand4060 yupe definitely
@@theywalkinguptoyouand4060 many people need a mission in order to keep their mental health in check. Money is the obvious mission. Theyâre constantly searching for happiness in something where happiness canât be found :(
@@aaronharman5431 Well for some, making money is just a way to not be afraid to pay the bills, it's to not worry about it all the time and to be able to enjoy life without having to make mental calculations to see if they can afford something or not :)
What a fascinating video!!!! You seem like a cool guy :D
Regret Number 4 is something I struggle with immensely. I love that I am interested in a lot of things but hate that I can never become a true master because I get bored easily from the mundane tasks!
Hey we are the same age! Thanks, Frank! You helped me break on the decision of making such a video myself
Being bored on a java programming class - relatable
Useful video
When we were looking for our first house, walkability was the key (I'm originally from NYC). Found a house, almost pulled the trigger when I suddenly realized there were no sidewalks in the neighborhood. Asked the real estate agent when sidewalks would be coming, and she replied "why would you need sidewalks? You can drive anywhere you need to go!" Bullet dodged. ;)
Oof! Glad you avoided that one. Hopefully you found a place that works!
There are places without sidewalks? What the heck?
Been a while since I've seen a Thomas Frank notification; also I turned 20 a month ago. Hi from Jamaica if you ever see this; Thomas
Number 4 seems so important to me. I've had the same problem, just picking up different hobbies, diving straight into them for a few weeks. And just slowly go on to the other hobby. I really need to just find time to just stick with one and just keep on putting time into it
I'm one year younger than you and have very similar interests and backround. At my 26th birthday I asked myself what could be my biggest regret in the future. The answer was like yours - not pursuing music enough. Since then I started producing music (before I only played guitar and piano a bit). 3 years later I'm not the best, but I'm making songs/beats I'm proud of and enjoy listening. Nothing big yet, but it's the most satysfying thing I've done in my life and I'm not planning on stopping. Cheers! Make some music Thomas!
Oh hey, we both turned 30 this month! Great video to consider going forward!
Oh my goodness. Thomas, did you really have enough time to sleep once you had so many things going on in your life? Hahaha.
Weâre almost the same age. I was born in 1990. I believe I havenât done as many things as you have.
Props, man!!!
Your channel is really inspiring. Keeping a balance in everything we do is fundamental!!!!
Thanks for sharing that with us!!!
This video speaks to my soul! I'm 26 and needed to hear a lot of this:
- I'm interested in buying property and also value walkability
- I am passionate about music but find it difficult to make time to publish work
- Definitely work a lot and need to make time for breaks
Thanks for sharing your wisdom!
I'll turn 20 next week, and as my 20s loom ever closer, I can't wait to learn from your mistakes!
There was a lot here, but the piece that really rang true to me was to remember what I actually value. I value walking to work every day. I value being able to walk into town. I value quiet.
There are a lot of limitations to my small town, and a few businesses (like the grocery store) made themselves hard to walk to since I moved here. But you reminded me why I chose this lifestyle despite its other limitations.
I just came from a 4 year old video of yours and you look so much younger here, today, 2021! đ
Hey, it would be really helpful if you make more videos on finance for students.
True
Dumb jokes with the friends are the best!đđđ»
Happy belated b-day Thomas.
This month I turned 20! Right on time man.
just bought a new house and this was the last thing i wanted to hear LOL ill defs need that spreadsheet :D
Thomas is the man you can trust on, on thisđ
Awesome video, as always. I am actually working on a productivity channel of my own, but for people of adhd and dyslexia and one of my first videos has a lot to do with your last regret. Iâve set up a system for managing side-activities and hobbies that I think you will find interesting. Iâll make sure to tweet it to you when is out.
I like this outro so much better đđđ
Hey man. Don't watch you all the time, but was wondering how you would do with an office in a more urban space? You only have to drive back and forth and still have access to the "walkability". Obviously it isn't the same; you still have to drive, BUT it might instill that same sense? Keep it up man loved the video and gonna watch more!!
This may be the plan! I have a floating desk at a co-working space currently and enjoy it a lot.
For me itâs always been a frugality thing - I started with the home office and balked at the idea of adding an office lease on top of my rent/mortgage.
But I may just take the plunge soon and work to increase income so the added expense doesnât matter.
Me being 20 next year, gotta see this ASAP Never been early!!
The bots are getting smarter
@@user-gk9sz2lv8y *YOU ARE NOT THOMAS BUT AN IMPOSTOR!!!*
@@linak7155 We need Mark Rober to help us build some sort of glitter-based solution for these scammers
That would be awesome
@@linak7155 WHAT?
I've never had any issues with the particular
*Drinking
*Smoking
*Buying overpriced "luxury items" (shoes, jewelry,phones)
*Staying in shape
*Eating Clean
But I've had problems sticking to learning "academically"
I was a B student all throughout my school years due to me picking up on things fast due to my high memory retention & adaption which lead to extreme laziness when it comes to continue "learning"
I'm in my early 20's and this video really gave me some insights about my own plans, also a reminder for me to set up my retirement investment account ASAP
I stuck to my interests and now everyone is calling me a drunkardđđ
Was your interest to get drunk? My interest is to get high lol
Me too. So many regrets!
Thank you so much! This was really eye opening and sweet †You're so caring
I agree so much with walkability idea! I've been renting a flat for about 10 years and I love it so much mainly because many places are within walking distance. And those which are not in walking distance are easily accessible from trams and buses which I can find a lot of where I live.
Thomas, have you read the book Mastery by George Leonard? It describes well how/why you feel the way you do with your hobbies using different mindsets.
I definitely relate with picking up too many hobbies and never sticking with it long enough to get mastery. The shiny object syndrome is real
nice songs iâll listen
I feel so hard the wanting to learn multiple things. I got interested in cooking, gardening, piano, guitar, violin and 3D Modeling in the last few year and got decent in all of them but not "good" good and kind of regret that seeing the number of hours I passed on each one of them.
But at the same time it makes me confident that I could pretty much easily get anything and get at least good on it pretty quickly.
I can so much relate to the last point... đ
I'm turning 20 later this year, so I'm binge watching videos like this
The law that entropy always increases holds, I think, the supreme position among the laws of Nature. But if your theory is found to be against the Second Law of Thermodynamics I can give you no hope; there is nothing for it to collapse in deepest humiliation.
- Arthur Eddington
And here I am taking as much breaks as possible and not actually caring about work.
But hey, at least I finished all games I wished, watched all movies and series I wanted, and feel myself somewhat happy and content.
Same I quit my job during the summer I was able to save enough just so I could sit and relax not really having to worry about the next pay check
*âYou canât go back and change the beginning, but you can start where you are and change the ending...â*
*âC. S. Lewis*
I may not know you personally, but I believe in you my friend! đ
Happy Birthday Thomas! I turn 30 next month. Ha đž
I really want to learn about the Stock Market but everything is very confusing and I don't know where to start. Great video, keep it on. đ
Just do index funds. Simple as can be (buy and hold) and gives the best average returns
@@thephelddagrif2907 Thanks, I'll try it!
Start with small and Jump in. You will start learning in the process. Check out supply and demand.
give me all your money, I will show you how to do it. There's little risk though
Iâm working on videos about this starting in July đ
The advice above is good - start with index funds or ETFs. Itâs also probably best to start with an IRA (likely Roth), and make sure you have an emergency fund first. Debt load and rates are also a concern - if you have credit card debt, eliminate that first as the interest rate is virtually guaranteed to be higher than anything youâll make in the market.
You talk about having a pile of random hobbies as a bad thing, but being able to swing from one hobby to the next without care or responsibility is the very soul of freedom. Committing to a hobby to become better is great, getting through the dip can create rewarding feelings as you enter a flow state, but that's also the mechanism by which a hobby starts to feel like a job.
Yeah I think there's definitely an aspect of balance to it. I wouldn't want to commit so hard to one hobby that it takes over my life, as I do value the freedom I have. However, I think going forward I could add a bit more discipline into the craft of music while still retaining enough freedom.
I am 21 but I found myself resisting good things for me such as studying and exercising. Maybe it's procrastination, maybe it's anxiety or maybe I am just too lazy.